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20110730
20110730
Search Results 0 to 7 of about 8 (some duplicates have been removed)
. it unfortunately happened in this situation, in this place, we're never hoping for a big, destructive system, but when there's the possibility of it bringing some heavy rainfall to places that desperately need it, you want it to happen. in this case, it did not. however, there is the possibility that we may see some development of a different system out in the atlantic. we're going to watch it. it's still days away from affecting anyone at all, and it may not happen at all, but we're still going to watch it for you very carefully. another thing we're watching that is dangerous potentially is the heat. the heat is still relentless across parts of the central plains and back in the midwest. also the northern half of the map, western great lakes, upper midwest, there is going to be a chance that we have some severe storms developing later in the day. severe thunderstorms, deadly lightning a possibility, large hail, maybe even some tornadoes late in the afternoon hours, perhaps even into the early evening. but heat is going to be the major thing that's going to be dangerous for people today. dal
. the key sticking point is this issue of raising the debt limit, large enough, big enough, so that it gets us through 2012, gets us into the spring of 2013. right now, of course, the boehner bill and what republicans were supporting would have this debt limit come to another vote in the next -- >> at this point in time -- >> harry reid wants to do is simply figure out a way to satisfy the second round of deficit reduction, create a stronger trigger potentially, whatever he can come to, to get more republicans to support his way in order to get this debt limit passed 2012. i think he's going to come to an agreement. the question is, how big of an agreement is it? is it an agreement that barely gets the eight republicans he wants? or does it get 20 republicans and sends a strong, bipartisan message to make sure this thing doesn't get gummed up again in the house. >> does he have a dance partner in terms of a republican willing to negotiate? >> reporter: he's got a few dance partners potentially, but right now he's not working very well with mitch mcconnell. that's not clear. but don't be sur
of higher than expected receipts, but they're going to have a couple big social security payments and interest payments due, so it's not entirely clear to the markets or to anybody else when treasury will exhaust its reserves. >> annie lowery, economic and business reporter for slate. >>> well, joining me from the hill now illinois republican congressman robert dold who serves on the financial services committee. representative dold, thanks for being here this morning. it's a busy day. >> thanks for having me. i appreciate it. >> i know, sir, that you supported john boehner's plan, but you say you would have voted for it without a budget balanced amendment. why are some of your colleagues saying they need that fully knowing it would not pass the senate? >> the number of my colleagues booef e plea of we have to change the way washington is working, so we've been grossly overspending for a long period of time. it's been happening on both sides of the aisle. it's a clear washington problem. american families have tightened their belt. american businesses have done the same. they shou
. that has been the big stumbling block because republicans we're not interested in lacing taxes, no way. it will be interesting to see how they get that back to make those trig teors get all the parties at the table. >> gregg: very busy saturday on capitol hill. >> heather: so the question is what happens if no debt deal is reached. many analysts say we don't know the true effects. it is uncharted territory. here are some possibilities. you will see higher interest rates and pay more immediately on credit card debt. home and car loan rates, those will rise. stock market could plunge costing you dealer. the u.s. dollar would almost certainly plummet on the world market raising the prices that we pay for imported products. we could see a state funding crisis as well if the federal government can't fork over aid to the states they will have to fund their massive budgets and federal funds for student loans would freeze, billions would not be paid. >> gregg: so critics are questioning where the president is in all of this. that was what speaker barren was sailing. president obama urged lawma
Search Results 0 to 7 of about 8 (some duplicates have been removed)

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